Announced
Financials
Tags
Majority
Airlines
Private
Netherlands
airlines
Acquisition
Single Bidder
Friendly
Pending
Synopsis
KLM, an airline carrier, agreed to acquire Jet Airways' Netherlands business. Financial terms were not disclosed. The transaction is subject to the completion of several conditions including statutory and regulatory clearances, both under Indian law and Dutch laws. The deal will only involve a sale of part of the company’s business and not impact the shareholding pattern. With this acquisition, KLM tries to continue and repair India with Europe and North America route network as much as possible.
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